How does entrepreneurs' socialist imprinting shape their opportunity selection in transition economies? Evidence from China's privately owned enterprises

How does entrepreneurs' socialist imprinting shape their opportunity selection in transition economies? Evidence from China's privately owned enterprises
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企业家的社会主义印记如何影响他们在转型经济中的机会选择?

DOI:
10.1007/s11365-017-0485-0
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发表时间:
2018-12-01
影响因子:
5.6
通讯作者:
Lin, Qiao
Lin, Qiao
中科院分区:
管理学3区
文献类型:
--
作者:
Dai, Weiqi;Liu, Yang;Lin, Qiao

文献摘要

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借鉴印记理论和基于注意力的战略观,本研究扩展了之前关于印记对机会选择影响的文献,研究了中国企业家在单位体系中的形成经历所留下的社会主义印记如何引导他们去追求因政府放松管制、改革和某些行业的激励而产生的利润丰厚的政策诱导机会。利用中国3803家私营企业的数据,我们发现:(1)企业家带有社会主义烙印的私营企业更有可能利用政策带来的机会快速获利; (2)社会主义印记与机会选择之间的关系是由企业家对政府政策的关注来调节的; (3)对于制度发展程度较高地区的私营企业来说,社会主义印记与机会选择之间的正相关关系不太明显。
Drawing on imprinting theory and the attention-based view of strategy, this study extends previous literature on the implications of imprinting for opportunity selection by examining how Chinese entrepreneurs' socialist imprinting from their formative experiences in the Danwei system guides them to pursue lucrative policy-induced opportunities arising from government deregulation, reform, and incentives in certain industries. Using data from 3803 privately owned enterprises in China, we find that (1) privately owned enterprises with entrepreneurs bearing the socialist imprint are more likely to act on policy-induced opportunities to make a quick profit; (2) the relationship between socialist imprinting and the selection of these opportunities is mediated by the entrepreneurs' attention to government policies; (3) the positive association between socialist imprinting and the selection of these opportunities is less salient for privately owned enterprises located in regions with higher institutional development.